On September 30, Cboe Global Markets, Inc. rose 5.05% in regular trading, trading at $274.26/share, with turnover of $80.51 million. The rally was driven by the announcement of a partnership with Robinhood to introduce a new category of KPI binary contracts in October.

Cboe plans to initially list contracts tied to 23 US-listed companies, with Robinhood serving as the first retail broker to offer the product at launch. The KPI contracts will allow investors to trade specific company financial metrics and corporate events through SEC-regulated products on Cboe's registered US securities exchange. Both companies have committed to waiving all trading fees through the end of the year to attract early market participation.

The announcement comes on the heels of another major development from the prior trading day, when Cboe signed a 25-year exclusive licensing extension with S&P Dow Jones Indices, securing exclusive trading and listing rights for its flagship SPX options through 2051. SPX options annual trading volume had previously hit a record high of 970.6 million contracts, with daily average volume reaching 3.9 million contracts for four consecutive record-breaking years. On the fundamentals side, the company reported Q2 adjusted EPS of $3.56, beating estimates by 2.3%, with revenue of $731.6 million representing approximately 23.6% year-over-year growth.

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